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fru-gal

London Is Not In A Property Bubble Says Zoopla Boss

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You have to look at London in a slightly different light. Its a market that has finite supply and enormous demand that has driven prices to a level that makes London very expensive but that doesnt necessarily mean it is not sustainable."

This have always the case, even when prices were 20% of where they are now? London has always had people crammed in and well paying jobs. Population in London hasn't doubled in the last 15 years, but property prices will be well on their way to 400% inflation over this period.

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“We’re not in a world today where there are irresponsible lending practices driving prices,”

What's HTB then?

Dont forget FLS and 0.5% interest rates.

Their is very little responsible lending going on at the moment if you ask me....just a government trying to buy votes with young peoples futures.

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You have to look at London in a slightly different light. Its a market that has finite supply and enormous demand that has driven prices to a level that makes London very expensive but that doesnt necessarily mean it is not sustainable." This have always the case, even when prices were 20% of where they are now? London has always had people crammed in and well paying jobs. Population in London hasn't doubled in the last 15 years, but property prices will be well on their way to 400% inflation over this period.

This is true.

Expecting demand to increase forever though is a risky bet.

Look at Detroit.

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With all of the Zoopla data, he can't give a more compelling reason than London's special 'cos I said so.

Special like Dubai, Singapore and Sao Paulo i .e. not very special at all.

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